Movement Makes Estimated 2024 Loan Limits Available NOW
Early Release Loan Limit Basics
The maximum loan limit available depends on location and property type. You can find the a breakdown of 1-4 unit properties below:
| Units | Continental US | Alaska and Hawaii |
| 1 | $750,000 | $1,125,000 |
| 2 | $960,300 | $1,440,450 |
| 3 | $1,160,750 | $1,741,125 |
| 4 | $1,442,600 | $2,163,900 |
Buyers can finance a home if they are intending to purchase a:
- Primary home
- Second home
- Investment property
Keep in mind, qualification criteria may differ depending on the occupancy type.
Movement is offering different loan options for this program. A buyer can choose to get a 30-year fixed mortgage which keeps principal and interest payments steady for the term of the loan. Or, for borrowers who are conscious of current rates, a 1/0 or 2/1 temporary buydown can lower the interest rates on loan payments for the first year or two respectively.
Early Release Loan Limit Details
Interested in taking advantage of Movement’s Early Release Loan Limit program? Find the qualification criteria below:
| Primary – Purchase and LCO Refinance | |||
| Property Type | Maximum Loan Amount | Minimum FICO | Maximum LTV/CLTV |
| 1 Unit SFD, Warrantable Condo, PUD | $750,000 | 700 | 95%/95% |
| 2 Unit SFD | $960,300 | 660 | 80%/80% |
| 3 Unit SFD | $1,160,750 | 680 | 75%/75% |
| 4 Unit SFD | $1,442,600 | 680 | 75%/75% |
| Primary Cash Out Refinance | |||
| 1 Unit SFD, Warrantable Condo, PUD | $750,000 | 680 | 80%/80% |
| 2-4 Unit SFD | See max loan amount table | 700 | 75%/75% |
| Second Home - Purchase and LCO Refinance | |||
| 1 Unit SFD, Warrantable Condo, PUD | $750,000 | 680 | 80%/80% |
| Second Home - Cash Out Refinance | |||
| 1 Unit SFD, Warrantable Condo, PUD | $750,000 | 680 | 75%/75% |
| Investment - Purchase and LCO Refinanace | |||
| 1 Unit SFD, Warrantable Condo, PUD | $750,000 | 700 | 80%/80% |
| 2 unit only | See max loan amount table | 700 | 75%/75% |
| Investment - Cash Out Refinance | |||
| 1 Unit SFD, Warrantable Condo, PUD | $750,000 | 680 | 75%/75% |
| 2-4 Unit SFD | Ineligible | ||
Ready to get started?
If you’re ready to access estimated 2024 loan limits early and gain an edge in this market, reach out to your Movement loan officer.
